This bill authorizes the division of motor vehicles to engage a third-party vendor to enhance the secure transfer of title applications and information between the division, municipal agents, and car dealerships. Key amendments include the introduction of terms such as "electronic lien and title (ELT) hub" and "ELT service provider," which define the roles of contracted agents and service providers in facilitating electronic transactions related to motor vehicle titles. The bill also specifies that the ELT hub and service providers are responsible for securely handling motor vehicle and title information, ensuring compliance with security requirements, and limiting the use of records to authorized purposes only.

Additionally, the bill modifies existing laws regarding the delivery of certificates of title, replacing the term "mailing" with "delivery" and allowing for both mailing and delivery of titles to lienholders or owners. It mandates that lienholders notify the department of the release of security interests within ten days of satisfaction, ensuring that the department can issue a title free of security interest. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27